Billionaire Sawiris Exports Model of Egyptian Resort Towns to Swiss Alps | bloomberg.com

Egyptian billionaire Samih Sawiris is at ease developing a resort town in the Swiss Alps or a lakeside oasis below sea level in Egypt. In fact, he’s doing both. “Sand and snow are the same,” he says, explaining the expansion in Europe of his company, Orascom Development Holding AG. “These are the attractions that bring people to buy a house and bring people to stay at a hotel, and the hotel is the job creator that makes people want to come...